1. Refereed Journal // 2005

    On the Pricing of GDP-Linked Financial Products

    This paper discusses the pricing of GDP-linked financial products. GDPlinked bonds for instance are bonds which pay a coupon tied to the changes of GDP (Gross Domestic Product): if economic growth is low, the…

  2. ZEW Economic Studies Vol. 32 // 2005

    Europe's Automotive Industry on the Move

    The automotive industry is a major pillar of the modern global economy and one of Europe’s key industries. There can hardly be any doubt about the important role of this sector as an engine for employment,…